If a builder goes under and I lose all the payments I have made to that builder (the property never started being built), do I realise my Capital Loss in the year the builder goes under, or do I add these costs to the cost base of my block of land and realise these in the year in when I sell the block? This property would have been an investment property.
What about travel costs to the block of land, as well as travel costs to the builders, solicitors etc. Can these be added to my cost base?
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187 views
1 replies